TED & how it influenced my investing Strategy
Printed From: The Equity Desk
Category: Market Strategies
Forum Name: Fundamental
Forum Discription: Discuss the operations and finances of any of your companies.Make the other participants aware on the investment opportunities available in a stock on PE free cash flow etc
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=1294
Printed Date: 04/Apr/2025 at 5:26am
Topic: TED & how it influenced my investing Strategy
Posted By: basant
Subject: TED & how it influenced my investing Strategy
Date Posted: 17/Oct/2007 at 5:40pm
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Continued from: http://www.theequitydesk.com/forum/forum_posts.asp?TID=177 - My Investing Strategy
A lot. it has changed the entire mental set up. Without TED I would have just bought HDFC bank in the banking sector that is because here I learnt how to analyse banking stocks through Mr Praharaj's sermons!While X-Box was a vocal force in YES Bank I would have never bothered to check up the fundamentals of that company had it not been for that constant barrage of posts day in and day out. Now buying HDFC Bank would have been the easiest thing to do but certainly not the best.That is because this is a discovered company. Axis I thought would be as good and efficient a bank avaialbel at a discount to HDFC bank. One video that made a huge difference to me was Buffet's comment on LTCM " They bet what was necessary and important to achieve what was unnecessary and unimportant"! I thought of my stocks a similar way and thought of diversifying. But the moment i started to buy new companies from new sectors I was again disturbed by that Buffet thought of putting a huge amount of money in Amex because that was a better option. So while normally I could have let some of the relatively overvalued positions run in the portfolio I decided not to. On the other hand reading so much about Buffet day in and day out I was introduced to banks and insurance companies but I did not buy Insurance companies like that because Buffet did not suggest buying Insurance companies at any price. So when we got to pricing I started to look at banks and above all Pabrai's concept of heads I win and Tails I do not lose much fitted the bill perfectly. Now coming back to the company I love to hate "Educomp" my bhua's son is in that PE which exited Educomp. I will not take names here but I did not listen to him when the price was right to buy but as soon as the price went above my head I had to raise an alarm. That is because I had to justify stocks from the posts and we canm justify a stock only upto one or two year forward earnings.Had it not been for TED I would have held on and made some money but would have risked myself from losing my capital one fine day -TED taught me to discuss stocks with resposnsibility and look more at the fundamentals rather then the price. Who thought that stocks would fall 15% today but they did and we came out of it very well. At TED I learnt not to panic, I learnt that all these smart guys on the idiot box are only as good as the box. I do not care where stocks go earlier I used to handle gossips from people who used to call up and say "Dekha RNRL ka bhaav!" These days I say "Agar tere paas nahi hai toh what are you gaining from discussing about a stock which neither me nor you hold?" TED has changed me a lot. I was very aggressive when TED started. Wanted to answer any question on Tv18 and PRIL. these days I am not bothered if I find someone with an intention that extends more into argument then understanding.My favourite quote is “Do what you want to after all it is your money” I avoid entering into any communication with people whose agenda is not one of discussion but of argument. · I do not care if some one calls and tells me that I made a 100 bagger in Unitech because making a 100 bagger from a 1% allocation can create excitement but making a 100 bagger from a 50% allocation can change a life! · I learnt that markets could go higher then we think and lower then we fear. · I learnt about Buffet and Pabrai. · I learnt how an engineer who had little financial knowledge could pick up a winner and stick to it. · I learnt how a person who is barely 20 could bet on stocks with reason. · I learnt the passion that makes people who are not doing any other work. · I learnt that chatting sites and discussion forum is a place where people can communicate for 15 months without using abusive language. · I learnt that there is more to life then making a lot of money.I get several offers of a partnership and turning this site as pay but that is not what TED was conceived for. There are several ways to make money. · I learnt how much we could help each other without writing a single check. TED is like a river that flows across our homes and all that we have to do is go out and take a bucket of water. · Overall I have gained from TED as much as you all have but in my own ways ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Replies:
Posted By: smartcat
Date Posted: 17/Oct/2007 at 6:01pm
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Hypothetical question - let's assume you had not invested in Pantaloon and TV18, the multi-baggers that changed your financial life.
Would the situation have been any different? Don't you think you would still be trying to discover multi-baggers like in 2003, rather than invest in something like Yes Bank or Axis bank? There is a huge difference between investing 50% of wealth in Pantaloon at Rs. 300 crore market cap and investing in Yes Bank at Rs. 6,000 crore market cap.
TED or no TED, What I'm trying to say is - those two magic stocks has resulted in enormous wealth for you already - and this has reduced your inclination/hunger to gain more wealth.
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Posted By: omshivaya
Date Posted: 17/Oct/2007 at 6:07pm
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Sometimes words can't express how much we really want to say, so I'll simply say: "THANK YOU". "For Everything". >> "TED is FAMILY NUMBER TWO for me".
>> TED if pronounced backwards spells DET, which sounds like Debt, which is what we all owe to TED.
A life-long DET to TED.
>> More than making money, it is the process of making money, which has given me a mission in life.
>> It is the way I feel when I see a TEDDy jump with joy when a common TED stock is going great guns.
>> Finally it is the feeling of a 2nd home/good friend at TED, that is the TOP point always on my mind. Finally, I get that one-for-all-all-for-one gang...  ------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
Posted By: smartcat
Date Posted: 17/Oct/2007 at 6:09pm
| waah waah! Makes lot of sense, Om! |
Posted By: basant
Date Posted: 17/Oct/2007 at 6:12pm
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No. Hunger for wealth has not reduced. I cannnot find favourable risk reward situations and hence this flight to steady growth. Many people have said this to me but that is the point I wanted to raise in the article http://www.theequitydesk.com/forum/forum_posts.asp?TID=1267 - Sensex@2010 – Thoughts and Strategies If I find any other stock witha favourable risk reward profile then if not invest I would surely put it up at TED for discussion. The fact that I have not put it up for discussion means that I am unable to find one and though that may look a negative statement I prefer to play safe then make a blind dash for things.
Over a period of time I repeat multibaggers result from essentially a PE expansion. Everything else is incidental so the first thing is to look for a stock growing at 50% and selling at 10 times earnings!It has to be a sector leader because we seldom have a situation where the sector leader does not perform in comparison to the other stocks.
When i bet on PRIL and TV18 in 2003 those stocks came with limited downside risks now RNRL has been a 4 bagger in 6 months but for that we need to have insider information because there has been no change in fundamentals.Stocks like these will always come up and we have to take that in our stride.
The ones growing at 60% right now are selling for 100 times earnings so EPS has to grow and compensate for that fal in PE. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: omshivaya
Date Posted: 17/Oct/2007 at 6:21pm
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The ones growing at 60% right now are selling for 100 times earnings so EPS has to grow and compensate for that fal in PE.
_____________________________________________
EXCEPT Yes Bank, as far as I know. ------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
Posted By: smartcat
Date Posted: 17/Oct/2007 at 6:28pm
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Hmm OK. Glad to know that TED was actually useful to you too.
Hey! My mail to you regarding the partnership offer was supposed to be private!
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Posted By: johnnybravo
Date Posted: 17/Oct/2007 at 6:41pm
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Bansantji, By far, till now this is the best quote that I have ever come across on TED: "TED is like a river that flows across our homes and all that we have to do is go out and take a bucket of water." Hats off to you for putting such wonderful words! |
Posted By: johnnybravo
Date Posted: 17/Oct/2007 at 6:43pm
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aur ek appraisal kulmanji ko for asking that question! bhailog, ek baar joor se taaliyaan ho jayein! |
Posted By: s_praharaj
Date Posted: 17/Oct/2007 at 11:58pm
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Kulmanji, Great question to the Master, and
Basant superb Answer, One thing you have not mentioned in your statement,
"TED sharpened the humble and human part in you. "
I , like others, thought of highlighting a part of your statement before writting my views.I read it four times. But each line of your write up is so full of values and emotions, that I restrained from taking a part of it.
Keep up the GREAT work, We are proud of you and feel proud to be a part of TED.
------------- Shashi Praharaj |
Posted By: johnnybravo
Date Posted: 17/Oct/2007 at 12:31pm
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Basantji, Going ahead with the same topic, at times do you think or are you too worried when TEDies almost blindly follow your picks or throws?? I am sure you might have got some difficult time in the whole lifespan of TED wherein you might have come across a situation wherein you feel that people have developed a tendency to follow you....that they buy and sell some stocks - just because you think that that's the right way to do it....Does this make you worried at times? Even though its known and expected in black and white that everybody is at his OWN risk when he is playing with his own money, kya aap ko yeh cheez se kabhi pareshani hue hai??? Even off lately, I have seen TED'ies giving portfolio recommendations wherein they now throw all *18 companies and recommend Axis and Yes. Same case happened with ABN. I understand that your views and changes therein were fully expressed on the respective forums and you have 1000% right to do it, but what I am not comfortable is people taking these at face values -- in some ways this is just like people following RJ or Damani - even though TED has some very good discussions and views and counter-views. |
Posted By: omshivaya
Date Posted: 17/Oct/2007 at 12:56pm
Very good point Tushar jee. I may be guilty of some of the above. Let me give my views, so that I am clear from my side.
I didn't go for ABN as I wasn't able to buy the story in ABN somehow.
Personally, I prefer YB now more over *18 bcoz its earnings are growing and not just stock price.
I can only take the risk of "opportunity cost" of at mOst 1 stock in the 5-stock portfolio of mine and Nucleus has already filled that slot.
And Axis Bank I recommend usually to someone who wants a bank exposure with stability but with better returns in stock price, than a HDFC. This is what I have been able to gather after seeing its current size, its recent growth rate in earnings and of course Basant sir's personal views and his stake in it.
When earnings grow more than the stock price, it makes one feel happy don't you think? ------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
Posted By: johnnybravo
Date Posted: 17/Oct/2007 at 1:03am
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Omji, what makes you feel that my comment was pointed towards you?? I am very sorry, if you had felt so....This was my general observation, please please don't take it on yourselves, I never meant that! I am not at all questioning whether YB or Axis or ABN or *18 are/were good ideas. My point was something different. Of course we are here to share and gain from each others perspective and make money and also learn how to make money in the process! Cheers, |
Posted By: omshivaya
Date Posted: 17/Oct/2007 at 1:06am
Arre Tushar jee, I know you didn't intend it for me. But I felt that my explanation would help provide some perspective of one of the TEDdies. Please do not feel bad. I did not mInd a bit of what you said. In fact, it helps TEDdies to gauge themselves better, when the TED mindset continously is challenged. Thanks for your post really! Cheers! ------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
Posted By: smartcat
Date Posted: 17/Oct/2007 at 1:15am
By the way, didn't you have Yes Bank in http://www.theequitydesk.com/forum/forum_posts.asp?TID=694&PN=1 - your portfolio in Jan 2007 ?
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Posted By: omshivaya
Date Posted: 17/Oct/2007 at 5:12am
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Yes smartcat jee, first initial exposure at 110 and then added big chunk at 120.00. Held it and saw the results and tried to understand the future prospects for sometime. Then again...between August and now, have added chunks here and there, between 175-190. Will update portfolio in a few days if orders get filled.
My last updated portfolio was here, in case you need for reference: http://www.theequitydesk.com/forum/forum_posts.asp?TID=378&PN=15 - http://www.theequitydesk.com/forum/forum_posts.asp?TID=378&PN=15
Thanks for asking! ------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
Posted By: basant
Date Posted: 17/Oct/2007 at 7:47am
Absolutely that is a worry. With some informed people we would have a few uninformed ones and those are the ones that worry me. IF I buy Axis then Axis is certainly not the best stock to own in a country with over 6000 companies.
But that helps us in being analytical. I do not want to write randomly but try and think logically and objectively.But having known most of the people over here I am sure they would excuse an error in judgement but then it is the new ones that we are a bit apprehensive about.After all I have seen how RD gets a bashing at MC chat when things do not work out the way he thought them to.
------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: Mohan
Date Posted: 17/Oct/2007 at 9:08am
--------------------------------------------------------------------------------------------- Tusharji, bucket only ? I am swimming in it. Ganga Snan is cleansing of the Soul and TED snan is for the cleansing of mungeri sins. ------------- Be fearful when others are greedy and be greedy when others are fearful. |
Posted By: PKB2000
Date Posted: 18/Oct/2007 at 12:11pm
The word sin is getting high premium in TED nowadays!~! ------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: deveshkayal
Date Posted: 18/Oct/2007 at 12:36pm
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Even off lately, I have seen TED'ies giving portfolio recommendations wherein they now throw all *18 companies and recommend Axis and Yes. Same case happened with ABN.
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Great point. From now onwards, I will recommend Zee News and Champagne Indage !!! ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: smartcat
Date Posted: 18/Oct/2007 at 12:51pm
Time for my confessions. My situation is not very different from those weight loss/ hair loss BEFORE and AFTER ads in newspapers.
BEFORE:
- I was fat (30 stocks) and had lot of flab in the middle. My original thought process was that since Index has 30 something stocks, I should have a similar number in my portfolio - across almost all the sectors.
- I was almost bald and had very little hair (conviction in a stock) on my head. Like the suit boot waley who manage mutual funds, I would rarely keep more than 5 - 6% of my wealth in a single stock.
- Girls never used to like me much and used to ignore me all the time. My portfolio would always trail or just about equal the index returns.
AFTER:
After some TED treatment, I am a changed man.
- The flab in the middle is gone, and in its place, I have a six pack abs. Six stocks that constitute almost 75% of my portfolio.
- I have lot more conviction in the stocks I own. At one point of time, I had 25% of my money in one stock.
- I am now nimble enough to move my money from one sector to another sector.
- Right now, I'm not only thrashing the index, but am also getting close to beating most of the suit boot waley (MFs)
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Posted By: xbox
Date Posted: 18/Oct/2007 at 1:13pm
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TED & how it influenced my investing Strategy.....
B Use to think mutual fund is best way to participate in stocks.
A Think that mutual fund is also one of the way to participate but not necessarily the best way.
B Sleepless nights on only 2 nights...a. When market falls b. When market rises (thinking market will fall tomorrow).
A Sleepless nights thinking 2010 or so.
B Use to believe in almost all except myself.
A Believe in me all the time. If something is not clear to me even after trying many times, then I blame to my comprehension not conviction.
B Use to browse MC.
A Browse TED.
B Hungry for information.
A Hungry to know the source of information first.
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Posted By: kulman
Date Posted: 18/Oct/2007 at 2:00pm
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Oh.....my innocent question has opened up nice discussion thread!
Very intriguing thoughts.
Taking cue from SmartCat....
Before: sirf hansi mazaak
After: More hansi mazaak & mazaak mazaak mein portfolio gain.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: BubbleVision
Date Posted: 18/Oct/2007 at 2:19pm
Clearly, one of the best posts on the forum! ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: omshivaya
Date Posted: 18/Oct/2007 at 2:34pm
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Wah! Excellent ones everyone. Keep it coming from time to time. This thread will serve as a "wisdom pot" for many TEDnewbies in years to come. ------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
Posted By: tyler_durden
Date Posted: 18/Oct/2007 at 7:01pm
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Investing strategy... i never had one prior to joining TED... Now i can say i am an investor ..earlier i was a punter .... jab watt lagi  tab puntergiri ko tyag dia ....------------- If you aren't fired with enthusiasm, you will be fired with enthusiasm. |
Posted By: muralimohan001
Date Posted: 18/Oct/2007 at 7:56pm
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Before : No one was there to get suggestion or discuss After : Now we have our favorite TED Before : Did not have concentrated portfolio. After : Having concentrated portfolio. Before: I always thought about short term only. After : I have long term view now. Before: Used to buy momentum stocks After : Holding only excellent stocks Before: Used to buy stocks and sell just based on news without thinking After : Made very few transactions with lot of thinking to choose between TED discussed stocks ------------- If money is your hope for independence, you will never have it. The only real security that a man can have in this world is a reserve of knowledge, experience and ability. |
Posted By: kishanpv
Date Posted: 18/Oct/2007 at 8:15pm
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B: Was thinking Mutual fund is what i can understand & every damn site for stocks and knowledge was purely stock price driven A: The day i was introduced to TED (thru ChatLal's chat) journey has been every green (with my portfolio & conviction). This was the first site where people were enthu about falling stocks & said am buying rather than buy or sell blindly. I check TED more than my official/personal emails. I guess this sums up all :) Thanks to TED & basantji.
Adding my value to TED by telling to every single person whom i meet and have interest in stocks to read TED first and then go to moneycontrol.
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Posted By: WallSt
Date Posted: 18/Oct/2007 at 12:34pm
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Fairly new member so can't speak much, but its interesting how I found TED. I was always looking for investment opp in International mkt for diversification. ( yes India is Intl mkt for me:-)). Only option was US India specific MF for me, and other side my total portfolio has almost 51% Intl exposer (India/Brazil/Europe) which is quite high. So hesitate to put more towards India. I knew real money is there for sometime, but my AAP was not permitting to put more towards India. But finally I found solution, I said to myself India can't be alien land for me its my motherland. So I can't consider its International! And also was looking for hedging against US$ So I took out India as Intl from my portfolio. Had icicdirect acct on my Father name & was using for IPO. But did not know where to start. I was hearing this RJ name so many time on moneycontrol but did not know who was he. Only I knew people compare him with Warren Buffet. So one day I type in Googel (RJ portfolio) and I found TED! By working in finance area I always like to do my DD, I just can't buy something when some one tells me to buy it. Someone has told me before that buy Yes Bank, and I never did. Why? because I need conviction. I need to see FS and analysis, well research, valid arguments, CC etc. These all I got from TED. And now I have YES bank in my acct. Now speaking about TED & how it influenced my investing Strategy. I would say Lot. Time I am investing in India I am converting $ in Rs. Is it good thing or bad? I really dont know. I guess time will tell. Before that I was afraid to convert $ into Rs for investment, but TED gave me confidence to do so. I am learning lot about Indian co & Indian Equity mkt here. I was also amazed expectation of Return 30% 40% 50% CGAR! Wow you can only think about this kind of emerging mkt only. I was also amazed people are looking for 10 cores from 10L in 10 Years! or 3 times in 3 years! We can't expect from our DJ. Our DJ is like old Grand paa, has glorious past, vast exp, but out of date! Everyone is watching this young, dynamic handsome guy BSE sensex! He is hot in marriage mkt. All brides(read FII) want his share & all of them want to marry him! Show must go on. Well I always believe having knowledge is not important but sharing knowledge is much more important. And that's exactly TED Gurus / Sr members are doing. Hats of all member who have spend their personal time to cultivate this excellent forum! Lakshya PS "I check TED more than my official/personal emails. I guess this sums up all :)" Oh you open your official email? I even do that anymore:-) |
Posted By: smartcat
Date Posted: 18/Oct/2007 at 12:44pm
I strongly disagree with this. Sensex is a moody girl. 99% of the regular TEDs are guys, and we keep talking about her the whole day.
How has the India specific MFs based out of USA performed so far? What is their last 3 year CAGR returns?
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Posted By: omshivaya
Date Posted: 18/Oct/2007 at 1:20am
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Finding even a "3 bagger-in-3 years" isn't easy in an emerging market like India(if based on pure investing and not trading/speculating) Lakshya jee. That's a CAGR of a little above 42% for 3 years. This isn't 2003 anymore!!! Here is what makes a TED XI stock:
>>Being a TEDdy myself, I can safely say that even this task looks somewhat acheiveable at TED...bcoz countless hours of research and hard-work (financials, growth prospects, news, articles, website links, sector analysis, brokerages covering and their views on it, valuations good enough for investment etc. etc.) is done behind the scenes by the regular TEDdian, before a thread is started by him/her. And that is then included into the "Stock Synopsis" section.
>>Now, only a few chosen stocks out of this Stock Synopsis section, get a chance to be entered into the "Emerging midcap to largecap section"
>>And to top that, only after a lot of DD...the creamiest layer from the "Emerging midcap to largecap sectiOn" gets chosen into the final layer of TED XI stocks. These TED XI stocks are chosen based not just on parameter of returns, but various complex factors.
Just thought of giving a brief above to you, so that you know that >40% CAGR is not an easy task, from an investment point of view where a certain degree of certainity and reliability is needed. In speculation, anything can happen and it's a pure gamble!!
Being a TEDdy, I know ------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
Posted By: WallSt
Date Posted: 18/Oct/2007 at 3:25am
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"How has the India specific MFs based out of USA performed so far? What is their last 3 year CAGR returns?" Not bad, compare to US MF return it is very high... I am invested in 1st one only. 2nd one is ETF. MINDX http://quicktake.morningstar.com/fundnet/Snapshot.aspx?Country=USA&Symbol=MINDX IFN http://quicktake.morningstar.com/CEFNET/Snapshot.aspx?Country=USA&pgid=hetopquote&Symbol=IFN Omjee: Thanks for the explaining how we come to TEDX you guys are really doing great Job. I completely agree with you that achieving 30% to 40% is not easy task at all. I think you got me wrong here...my reply was from general observation talking to others and seeing few msg on TED from new members that expectations are quite high even from avg investor/trader. I am talking about guy who works 9 to 5 in non financial industry, hear tips from friend and story on CNBC and tell his broker to buy this stk and that stk.and expect double in a year. We all know that even in stock mkt making double is not easy but losing all is quite easy. What I was saying that we can discusses company here(India) where 30% to 40% CGAR is achievable by putting hard work and time behind research and lot of reading. In US you can find most fancy stock screener free on web but almost impossible to find something like this. And even if we find it, small cap and mid cap are very much manipulated by hedge fund/shorts/Market Maker that most of the time retail investor loose big time. Once we become matured Economy like US, Japan we will not have much opportunity to find hidden Gems. Just my 2cents.. Lakshya |
Posted By: omshivaya
Date Posted: 18/Oct/2007 at 6:47am
I know yours was a general observation. My reply was more as a "general note for all TED newbies". No hassles, cheers!  ------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
Posted By: kulman
Date Posted: 18/Oct/2007 at 8:27am
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Before: Rising stock prices made me happy
After: Falling stock prices inspite of good results makes me joyful.
Looking forward to lower prices because PN-waalas are forced to liquidate and levergaed players (who are after jhatpat money) being squeezed-out both ways.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: SORUB
Date Posted: 18/Oct/2007 at 11:54am
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For a new commer TED is a must join forum to become a "proper" investor or a trader.
i admire basantji for his style of investing and the way he goes around geting info about the companies.thank u very much for creating such a forum for us. kulmanji you are simply great with the warren buffet quates and ur high level of humor without which the forum will be just another equity forum.hats off!!! bubbleji is a wonderful in his advice and one of my fav quotes of his is "mind should be like a parachute,best used when open" omji is one smart guy and the framing of TED is very nice xboxji,tusarji,vivekji everyone rocks here the way they follow the company make u sit up and do things right. like breakfast i need to look at ted to get the mind set right,especially kulmanji's quotes. wish ted will become bigger and better and we all had fun making good friendship & money *i have learnt lot of things from TED and will keep learning. *TED keeps things simple and that is the most wonderful thing i like ------------- K.I.S.S(keep it simple silly) is the most easy management formula i ever came across!!! but it is very hard to follow!!! |
Posted By: kulman
Date Posted: 19/Oct/2007 at 12:01pm
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*TED keeps things simple and that is the most wonderful thing i like
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Sorub jee....your tagline matches with this one, doesn't it?
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: SORUB
Date Posted: 19/Oct/2007 at 12:32pm
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yup ------------- K.I.S.S(keep it simple silly) is the most easy management formula i ever came across!!! but it is very hard to follow!!! |
Posted By: deveshkayal
Date Posted: 19/Oct/2007 at 8:09pm
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Before: Only tracked Media (Multiplex to be specific)
After: Media, Retail and Financial Services. Other sectors also little-bit.
Before: Buying Momentum stocks.
After: Investing only on Panic.
Basantji's tremendous knowledge and vast experience is what puts him in different league altogether. ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: prosperity
Date Posted: 20/Oct/2007 at 4:01pm
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these days I am not bothered if I find someone with an intention that extends more into argument then understanding.My favourite quote is “Do what you want to after all it is your money”
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Basantji,
Now that gives me a hint as to why you have not been replying to my numerous queries on various forums ....
My guess is that my being bullish on certain Commodities and speaking about it have made this impression of mine on you ....
I don't think the best person is one "Jo aap ki haan mein haan kare" ...
Infact best are those, who have their own opinions and shares with others .. even after knowing others have different opinion !!
We have different views on Commodities - But that should not outcast me !
Even at the risk of you disliking me further - I want to say one heartfelt truth within me ....
I have sincerely tried to compare your investing style with Warren Buffet - Almost everthing is matching - BUT JUST ONE THING LOOKS TO ME COMPLETELY NOT MATCHING !!
And that is - When Buffet buys a company he does NOT think of any event or trigger which could make a not-valued business valuable ... He thinks if there is undervaluation - stock is a slave of its earnings and sooner or later - market would value it correctly or overly !
But Basantji, if you find a undervalued company - you also focus on finding a trigger or event that can make it valuable - if you can NOT find it - it does NOT merit your investment ...
Corollary of this difference is that Buffet says when you find the best business to invest in - time to get out is NEVER ... while you feel that there is a time to get out of each and every long term investment you make !!
While you and Buffet can have different styles and your styles can serve you well .... But i as a watcher, wanted to share what i watched !
You would have MILLION FANS praising you and your style ...
But if you have very few people disliking certain part of your approach and they are telling it to you WITH NO INTENDED HARM OR INTENDED NEGATIVENESS - Then you can decide if you want to listen to them or not !!
Want to end by modifying your Quote: “Listen what you want to - after all its your choice, its your life”
|
Posted By: basant
Date Posted: 20/Oct/2007 at 5:09pm
|
Thanks for your views but if you think that "Yes men" impress/attract me then again there is difference in opinion but it does not matter really. Thanks for your feedback though!!! ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: prosperity
Date Posted: 20/Oct/2007 at 5:16pm
|
Thanks for your views but if you think that "Yes men" impress/attract me then again there is difference in opinion but it does not matter really. Thanks for your feedback though!!!
--------------------------------------
Well, "Yes men" has TWO meanings !!
 Yes !!
Ek woh jo aapki haan mein haan kare Aur
Dusre woh ho Yes per bank kare !!
|
Posted By: omshivaya
Date Posted: 20/Oct/2007 at 5:42pm
|
Basant sir is only attracted to "Yes Bank" and not "Yes men"
. And that too as long as Yes Bank keeps ROA above 1.3%.Btw prosperity jee, everyone(new/oldies) on TED has a chance of expressing his opinion fully(no matter wht it is), without being rejected by others permanently if others differ.
Everyone on TED has an equal say and equal respect from each other...but even though one person may not ask for it I think we should give him a bit more respect, recognition and "benefit of doubt" than we give to each other. He after all founded a platform and then gave it a solid base and keeps cementing that base, standing on which we are at least able to discuss/shout/share WITH each other.
It's called a simple word: gratefulness.
This post is meant as much for me, as for everyone else and is NOT(NEVER) directed at anyone personally. ------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
Posted By: ashishbarot
Date Posted: 29/Oct/2007 at 7:01pm
|
I have learned lots of things from TED, and still many things to come.
But whenever i remember TED it comes with basant sir, thanks a lot Boss.. ------------- You do not require an invitation to make profits. |
Posted By: chic_1978
Date Posted: 29/Oct/2007 at 7:27pm
|
Hi Ashish,
Welcome on board.....njoi investing ....
------------- happy & wise investing |
Posted By: basant
Date Posted: 29/Oct/2007 at 7:38pm
Thank you for your kind words. We are all learning the art of making and keeping money. Aren't we? ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: sunlight
Date Posted: 29/Oct/2007 at 8:51pm
|
This site changed the way I invest.. I used to chase IFCI, RNRL, Nagarjuna Fertilizer before I saw the website and learnt about fundamentals. I quit those stocks and returns to fundamentals based on reasoning and discussion from this website. I feel my money is safer and continue to grow in a 'BlueStar' rather than an 'IFCI'.
TED is a great gift from Basantji to all new indian investors.
|
Posted By: India_Bull
Date Posted: 29/Oct/2007 at 8:55pm
------------- India_Bull forever Bull ! www.kapilcomedynights.com |
Posted By: us121
Date Posted: 29/Oct/2007 at 10:10pm
|
Let me pen down for what changes i have experienced under the influence of TED: 1. To a great extent isolated from the market noise 2. Able to move to a concentrated portfolio (to an extent) from my original holding of 80+ stocks 3. Having been able to concentrate on all the news and happening related to the stock held by me 4. Not much affected by movement of market in general 5. Have been able to hold good and fundamentally strong stocks for reasonably long period as against the so called earlier investing style which used to be more of trading 6. Thanks to very sharp and meaningful comments from Basantji throwing light on the likely way forward and leaving us to make our own decision 7. Kulmanji is stress burster but that is a positive side effect of his medicine. The main benefit is the learning from the timely/ well edited quotes/ articles from masters. I personally learnt from him of making write up more meaningful and easy to underatnad by using good combinations of colours and fonts. 8. Personally learnt a lot from catcall about infrastructure comapnies And ofcourse list is endless about what we get from members like omji, smartcat, bubbleji, mohanji, chinkiji and at times from vivekji (not TO mention about manishdave, as that learning goes beyond even TED) I BELIEVE THESE LEARNINGS ARE TIME INDEPENDENT BE IT BULLISH/ BEARISH MARKET. ------------- ABILITY will get u at d top. CHARACTER will retain u at d top |
Posted By: gcpradhan1
Date Posted: 19/Dec/2007 at 9:22pm
|
I have been to TED since some 4/5 months back and since I have scanty knowledge about the market so I do not post many messages , but I am quite a regular reader of the posts on TED. And now I feel TED has influenced me a lot and now a days I am quite imune to the day to day market volatility. One of the most important thing is that I am learning a lot about various business domains and gradually it is creating a sense of confidence in me.I have started reading about Buffet,Lynch and RJ and have become follower of value investing. I think TED is going to make a big difference in my life....... ------------- Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years - Buffet |
Posted By: basant
Date Posted: 19/Dec/2007 at 9:48pm
|
I find your posts very informative. Thanks for sharing your thoughts as always. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: Mohan
Date Posted: 19/Dec/2007 at 10:12pm
|
I have learned to 1. Balance the risk I am taking for the returns being chased. 2. Selecting stocks based on earnings growth. 3. Reducing the number of stocks in my portfolio to ten. Taking a long term view keeping in mind overall valuations. ------------- Be fearful when others are greedy and be greedy when others are fearful. |
Posted By: raangs
Date Posted: 23/Dec/2007 at 12:43pm
|
I just came to know about this site few days back while googling. Since 2 days i am browsing all the links here (earlier used to browse thru moneycontrol.com). Though my investing strategy is inline with basant and some others, TED is making me to relook my portfolio and shuffle some investments. Thanks to TED. |
Posted By: kulman
Date Posted: 14/Feb/2008 at 7:12pm
Had it not been for TED.....I would have:
Thanks TED! Am proud to be a TEDdy. Of course there is lot lot more to learn about......
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: stocktin
Date Posted: 14/Feb/2008 at 8:22pm
|
Dear Basant,
I am a Johnny come late and have just joined recently as a member. So please forgive me if I keep replying to some of your older mails. Though I am relatively new, I am very excited with your concept of TED. I think an apt quote for it could be: " Give a man a fish, you feed him for a day; teach him how to fish and you feed him for a lifetime". Sir, I think you have started this wonderful idea. Regards, Taggy ------------- taggy |
Posted By: basant
Date Posted: 14/Feb/2008 at 8:52pm
|
Thanks a lot for that. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: getmanoj
Date Posted: 14/Feb/2008 at 8:56pm
|
One of the most important thing TED gives is : Emotional support when ur stocks (good one) looses more than 30-40% in short span of time. We talk more about company than prices and since nothing changes during or before market crash the fear reduces. And at last, people's word "to have courage" and "sense of togetherness" sails us through all these big tides. Manoj |
Posted By: omshivaya
Date Posted: 14/Feb/2008 at 10:36pm
|
I think this statement looks much more genuine coming from a newbie for TED, than from a newbie for Chatlal...though many may have heard it there too. I am sure he also deserves a lot of compliments for transforming many newbies into good fishermen, but it is more intense in case of TED.
Thanks again and hope you learn a lot from TED, as well as share your wisdom...from time to time Taggy jee. ------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
Posted By: deveshkayal
Date Posted: 14/Feb/2008 at 10:43pm
|
Learning process is on. Everyday I learn something new.
Be a Business Analyst, not a securities analyst. That's why TED has been ahead of the curve. ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: kvsbv
Date Posted: 14/Feb/2008 at 5:24am
|
After going through the site I felt Shri BASANT should be awarded with PHD and hence forth shall be called Dr.BASANT.
I don't know how to thank such a wonderful site with such an informative & wonderful participants. ------------- learn to earn & earn to learn |
Posted By: bijoy_ajj
Date Posted: 26/Apr/2010 at 2:02pm
|
Basantji,
I simply luved this post of yours...
 .. Felt like post was from deep down your heart!!..
|
Posted By: basant
Date Posted: 26/Apr/2010 at 2:11pm
I had almost forgotten about this thread
------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: LearningToFly
Date Posted: 26/Apr/2010 at 2:48pm
|
Basant Jee
Your quotes are amazing and quite original. It has lot of learning. I joined recently though I was reading TED since alst 1 year. ------------- Success... at all cost. |
Posted By: bearish
Date Posted: 26/Apr/2010 at 3:20pm
Thank You Dr. Basant! |
Posted By: yogishkamath
Date Posted: 26/Apr/2010 at 3:30pm
|
When I started off, I used to look for "cigar butt" stocks. I'd scan balance sheets and see whose book value was higher than market cap... who had lots of cash on the book as compared to its price and so forth. Now, I look for quality. I've realized that the future share price depends on the future earnings of the company and this is hard to tell from the current balance sheet and earnings of the company. This is well-summarized in Basantji's quote about accountants and mathematicians :) |
Posted By: hit2710
Date Posted: 26/Apr/2010 at 8:34pm
|
TED has changed certain aspects of my investing strategy.
First of all going thru the posts of some seniors, and reading Pabrai, I have adopted the style of betting hard on stocks where I have a lot of conviction. Earlier I used to bet small amounts which did not materially impact my portfolio returns. Secondly TED has helped me in sticking to my convictions in stocks inspite of negative news/stories in some of them. And finally I have developed good rapport with lots of knowledgable TEDDies from whom I can get great insight and corroborating views and criticism and that helps a lot. All of them give good solid and quick advice on something which perplexes me. And over time, this kind of interaction helps in picking excellent stocks at very good entry points. Earlier I had no one with stock market knowledge as friends and now suddenly i have a lot of them and that is thanks to TED. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: samirarora
Date Posted: 26/Apr/2010 at 8:41pm
Kudos hiteshji, although i would only wish you got into stocks that have a good solid brand name associtated with it, but thats the criticim part.
 BTW, gati, a stock that i think both of us agreed upon, that should be kind of avoided, has suddenly started spurting.. i have no regrets though, as i am betting on blue dart in the sector, but all the same, makes one wonder, dont you think?! ------------- |
Posted By: hit2710
Date Posted: 26/Apr/2010 at 8:49pm
Hi Samir, Regarding brand name, well most of them to me seem way too expensive. Regarding GATI, well i made my returns and now let someone else take the risk and make more money.  ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: samirarora
Date Posted: 26/Apr/2010 at 8:55pm
 he he he !!! yes.. i get what you mean...
BTW i had dumped gati myself, having bought it at average 56 and sold it for 62 or something, but i sold it because i did not like certain moves the company seemed to be making.. as otherwise i strongly believe in the sector as a whole. So not much benefit for me due to gati.. but have no regrets even if it goes higher.. which is basically what counts in the end... i think!!!
------------- |
Posted By: bijoy_ajj
Date Posted: 26/Apr/2010 at 10:38pm
|
Basantji,
I have a question for you... Don't you have the temptation of buyin good shares people come up with over here?.. Are you still concentrating upon the limited number of share ( 3-4 as you say)..?... What actually you tell to yourself from holding back and sticking to your old game plan?.. Just trying to gather wats going thru basant's head..
.. Could you please pen down your recent portfolio here ( with price at you purchased
.. Am i getting into your skin? ) .. One more question.. How much %(compare to your portfolio) cash reserve you always wish you keep ?
|
Posted By: basant
Date Posted: 26/Apr/2010 at 9:38am
|
1) If you think of betting around 15%-30% of your portfolio into a single stock you will give many a stock a pass. The idea is not to be smart (make money from every company) but to create serious long term wealth. So if someone comes up with a buy on ABC I ask myself whether ABC is worth x percent of my portfolio and depending on the answer I act. Plus I do not invest in cyclicals unless they are very cheap as they were in March 2009 or in companies that are not in dominant positions within their sector so that removes many a company from the investing radar. 2) We will leave that to a private discussion some day when and if we meet. 3) Almost zero to negative. I am leveraged for my basic needs and pay that off if I see that any of the stocks that I own has gone up a lot or when I receive my dividend check. Generally I have stopped being leveraged for investments but do use it for basic short term needs. Unfortunately I do not follow the theory of having 6-12 months expenditure in cash. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: hit2710
Date Posted: 26/Apr/2010 at 11:51am
I intend to follow this golden strategy. I hope people keep asking you questions and you come out with such insights. ------------- Stockmarket is a weird place. For every person who buys a stock there is a person who sells it and both think they are very smart. |
Posted By: p_pandekar
Date Posted: 27/Apr/2010 at 12:12pm
|
I used to value business based on quantitative factors, i learnt quality is more important. I used to read RD chats and take cues from there. After reading TED I learnt that if i follow RD blindly then i am not developing my own judgement. Though i pay attention to RD and TED for that matter. I give more importance to my judgment. I learnt that holding many good stocks(diversified portfolio) will approx give the same return as holding few good stocks over the long run(unless you are a good trader). The trick is to hold few excellent stocks that you know. I learnt not to invest in leveraged companies. I burned my fingers in some companies in 2008. I learnt that eventually earnings drive the price of a stock. Once should have the stomach to hold and add companies that are posting good results even though the stock price is falling (hawkins, VST tillers, banco). I learnt that two people can have different view on stocks. Basant may like hawkins and RD may like godrej properties. Both may eventually make money. You should have an independent view and buy the one that justifies your reasoning. Thanks to basant and to all TED members for all their posts. |
Posted By: Khan
Date Posted: 27/Apr/2010 at 1:28pm
|
Besides all the excellent discussions and insights I have benefited from the advice to read "The Intelligent Investor".
Recently I was invited by the University to discuss the course outline for the next year for MBA class. I made the suggestions for students of portfolio management to read this book and they decided to purchase copies for all the students. Personally I am trying to bring discipline to my investing. I have stopped selling stocks and continue to hold them since I don't need the cash now. I however find it difficult to reduce the number of my holdings and to create a concentrated portfolio. If there is a limit to hold just 3-4 stocks, you need to sell everytime you have a better opportunity. And that is not good from tax perspective. Any advice on this? ------------- If you do what you've always done, you'll get what you've always gotten |
Posted By: abhishekbasu
Date Posted: 27/Apr/2010 at 1:40pm
|
Excellent thread!! I came to TED after reading about it in Outlook Money. It coincided with my completing 10 years in the market, the last leg of the bull run, the massive bear market and the subsequent "V-shaped" correction. In addition I also started reading a lot of great books on investing. I sat down and did a post-mortem of my investing/trading activity of the last 10 years. TED helps mainly as a forum where a lot of people interested in the equity markets track their stocks. It helps me to be updated with the developments in particular companies which I am interested in but do not have a position in yet. Reading a lot of the posts, I have developed a sense of respect for quite a few members. There has been immense personal learning from TED. Kudos to Basant for creating such a beautiful platform on the journey of creating wealth. Hope the journey continues.... ------------- |
Posted By: Khan
Date Posted: 27/Apr/2010 at 3:22pm
My reason for joining TED was the same.. also evident from the joining dates.
------------- If you do what you've always done, you'll get what you've always gotten |
Posted By: bijoy_ajj
Date Posted: 27/Apr/2010 at 6:17pm
.... I gotta meet you some day.. Thanks 4 the reply..
|
Posted By: bearish
Date Posted: 10/May/2010 at 6:22pm
| i keep reading on ted about how india is what america was in the 1960's. this rationale is used by many here. could there be some explanations and examples from the same? |
Posted By: SidM
Date Posted: 08/Sep/2010 at 7:23pm
|
Basantji, You are not only great investor but excellent human being. I have not met with any person being so humble and wanting others to gain through your knowledge/ discussion. Sir, I would say that, you are not one who only speaks, but allows your's stocks' returns to speak. There are also genius investors in this forum, salute to all of you. PS: BTW, I have met you in one of the family function, and have discussed with you all but how to look into company/ words of wisdom!!! |
. Posted By: basant
Date Posted: 08/Sep/2010 at 8:35pm
|
Hi SidM, Thank you for your kind words. I am overwhelmed. Could you indicate as to where we have met because for some strange reason I am unable to place you. What do you do otherwise? ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: ravi
Date Posted: 08/Sep/2010 at 8:39pm
|
I chanced upon this site when my dad was searching for excellent sites dedicated to stocks in 2008! Learnt a lot since then from TED and Investment books, met Basantji in 2009 Dec. Personally the kind of knowledge or the (explosion of cognition)! (used in his book by Robert Hagstrom) of Basantji and yours truly merits mention. I am as good as seasoned investor by now! My investment philosophy can be summarized as a focus portfolio of holding 3-5 companies with superior economics and a good management generating above average rates of return with main emphasis on reduction in stock turnover and taxes. With a holding period of atleast five years a significant and a forceful compounding takes place. With a little knowledge in numerology and occult sciences I have been doing well! ------------- |
Posted By: new2investing
Date Posted: 08/Sep/2010 at 11:50am
|
Well I dont have much to write about in the "before TED" section because I was lucky enough to be introduced to TED at the start of my investing career(in less than 6 months) Before: I understood that fundamentals is all that matters but, my understanding of fundmentals was confined to Financial statements only.In short I was a number cruncher.
After: I realised that there a number of other things to look into in a company apart from the numbers.
Before: I would just invest in a stock that seemed undervalued in terms of P/E and P/BV without questioning the reason for it being undervalued.
After: I have realised that it is equally important to find the real reasons for the undervaluation and Assesing whether it is likely to get rerated at all.
Before: I have always wanted to break free from my current job profile and move to finance.But had not come across any other educational qualification, other than MBA(which i dont want to opt for) that could get me into finance.
After: I got to know about CFA from US from a thread on TED and enrolled for the program. Will appear for level 1 exam in december this year
 .In short TED has affected my life in ways more than one and I am gr8ful to all the teddies for that.
Thanks Basant Jee and others for making this forum what it is.
P.S - Guess what I will gift my child(I am not married yet though  ) on his/her 15th B'day? I will introduce him/her to TED.------------- Learner... |
Posted By: basant
Date Posted: 09/Sep/2010 at 2:14pm
|
Your last statement is priceless. Thank you. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: samirarora
Date Posted: 09/Sep/2010 at 3:20pm
|
:-) yes.. i think its sweet too!
ATB and happy investing!!! ------------- |
Posted By: somu0915
Date Posted: 09/Sep/2010 at 4:43pm
| Can you please tell me the thread where CFA is discussed about? |
Posted By: new2investing
Date Posted: 09/Sep/2010 at 5:58pm
|
http://theequitydesk.com/forum/forum_posts.asp?TID=6&PN=6 -
here is the link, though it is not specifically dedicated for CFA. for a better overview you can search google there are numerous forums discussing about the program or can contact me anytime. I will be happy to share whatever info I have regarding the same
http://theequitydesk.com/forum/forum_posts.asp?TID=6&PN=6 ------------- Learner... |
Posted By: Shadofax
Date Posted: 14/Sep/2010 at 1:55pm
|
People like Smartcat, Chinki, manishjee (pune), Snehaljee, Onkar, Umesh, Vijayjee and many more have been extremely helpful
Names not in the order of priority---
Even more gratitude to Basantjee. His ideas and clarity of thought is really amazing.
His enthusism about stock markets unmatchable
His humorous way of delivering messages excellent
and the philosopher inside him ... genius
---
The most important thing that happened to me was gaining more confidence ... A lot of it.
Thanks to Basantjee and all honest TEDies ------------- $ |
Posted By: SidM
Date Posted: 16/Sep/2010 at 6:28pm
Basantji,
Born and bought up in calcutta, currently working with one of the fund house on the buy side in mumbai. Basantji, I will be vising cal during diwali. Will it be possible for you to meet there. BTW, staying near to your place in cal
 . Thanks once again for putting your thoughts/ words of wisdom in this forum. Regards,
SidM
“And the day came when the risk to remain tight in a bud was more painful than the risk it took to blossom." |
Posted By: kapil1301
Date Posted: 16/Sep/2010 at 12:13pm
|
Hi,
Its been around 1 Year Now that I first came across the EquityDesk Forum. I started in share markets without any knowledge and wanted to earn quick money but failed miserably and had some very BIG losses as compared to what I earned.( Also want to thanks all my RM's and Brokers for that). But i kept on relying on them and had hope that some day I will be able to recover my losses and the losses kept mounting. And than I came across this Forum and decided that I will never listen to the brokers ( I also realised that when you have smbdy to blame for your Mistakes you can never learn and that’s what happened with me) but than I was the one loosing money. One lesson I learnt is that don’t work on Tips because than you will have smbdy to blame. Be responsible for your money do hard work and have patience if you do mistake learn from it don’t try to play the blame game. YOUR MONEY YOUR DECISION YOUR REPONSIBILITY I have been able to recover all my losses as of today and the biggest CREDIT for that goes to EquityDesk Forum. Also I wonder sometimes that do the senior members like Basant Ji , Vivek Sukhani,Kulman,Tigershark,Prabhukardava,hit2710 and also other senior members even know that directly or indirectly how much they have helped people grow ( In every aspect ). Since my start was so bad so uptill now I have been able to only breakeven and haven’t earned anything meaningful from the market (Moreover I am just a very small retail investor ) but have enjoyed the journey and in all having almost 3.6 years experience in the market now I am pretty optimistic about the future. Regards, Kapil Gupta------------- Thanks kapil |
Posted By: basant
Date Posted: 16/Sep/2010 at 7:29am
Sure, do let me know the next time you are here in Kolkata.
That is the objective of the forum isn't it?
------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: kapil1301
Date Posted: 16/Sep/2010 at 11:24am
|
Absolutely Sir !!! ------------- Thanks kapil |
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